Kim Kenneth Ang BSCE 2-1

Christine Joyce Dela Torre

Clarisse Marasigan

Distributive Justice
EGALITARIANISM CAPITALISM SOCIALISM
Pros This reduces This creates an A welfare state that
deprivation and environment of provides a
weighs down one 's innovation and guaranteed basic
capacity by the economic growth, income for those
attendant. with businesses who are
and individuals unemployed,
having the disabled or unable
opportunity to be to work, ensures a
creative and to decent standard of
work hard. living for the
poorest in society,
which helps to
minimize relative
poverty. Public
ownership of water
and rail enables
businesses to
achieve objectives
such as long-term
investment, low
consumer prices
and improved
health.
Cons If the talented kids Private resource If an economy has
don't go through control helps high rates of
advanced companies to gain progressive
education, the monopoly power on taxation, it can
ability of the labor and create disincentives
population as a commodity for work and start-
whole is cut short. markets. Even ups. The
capitalist advocates government will
would agree that succeed in
the provision of controlling
certain public corporations, labor
goods and public markets and public
services by the enterprises in an
government is ideal environment.
necessary to However, state
exploit the interference is
efficiency of vulnerable to policy
capitalist society. corruption and
Heavy unequal inefficient
societies create distribution of
resentment and resources.
social division.
Reduces the
marginal value of
wealth.